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Mcdonald Capital Investors Inc. CA Sells 18,096 Shares of Wells Fargo & Company $WFC
Mcdonald Capital Investors Inc. CA reduced its stake in Wells Fargo & Company ($WFC) by 2.4%, selling 18,096 shares, which now represents 3.9% of their portfolio. Concurrently, Wells Fargo EVP Kleber Santos sold 25,000 shares, a 24% reduction in his ownership, which may signal caution to investors. Despite insider selling, analysts maintain a “Moderate Buy” rating with an average price target of $97.03, and the company recently beat EPS estimates and offers a 2.0% dividend yield.